Currently, BTC/USD is in a symmetrical triangle, so a breakout in either direction is highly likely.
Levels to watch are $93,200 as support and $96,500 as resistance.
The corresponding impact of a breach may depend on external factors such as macroeconomic data.
Bitcoin (BTC) is in the process of forming a closed symmetrical triangle on the 4-hour chart. Due to these events, market participants are being led to expect a huge price movement in the near future. Looking at the current chart, there is a rough indication that Bitcoin price is approaching an important level that could trigger a future trend pattern.
It indicates that the price is confined within a narrow and increasingly narrowing range. With Bitcoin, the apex of the triangle indicates that a decisive breakout is imminent, perhaps in the next few days.